Ryvyl Inc. (RVYL) 10-Year Financial Performance & Capital Metrics

RVYL • • Industrial / General

TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceEnterprise Payment Processors

AboutGreenBox POS, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions. Its blockchain-based systems facilitate, record, and store a volume of tokenized assets, representing cash or data, on a blockchain-based ledger. The company's products include QuickCard Payment System, a physical and virtual cash management system, including software that facilitates deposits, cash, and e-wallet management; point of sale solutions comprising software and hardware; and Loopz software solution, a mobile delivery service operations management solution with automated dispatch functionality. It serves customers in various industries, including foreign exchange, retail, and e-commerce sectors. The company was formerly known as ASAP Expo, Inc. GreenBox POS was incorporated in 2007 and is based in San Diego, California.Show more

Revenue $56M -15.0%
EBITDA -$19M -91.0%
Net Income -$27M +49.5%
EPS (Diluted) -4.01 +60.3%
Gross Margin 40.05% +2.6%
EBITDA Margin -33.25% -124.7%
Operating Margin -37.3% -99.7%
Net Margin -47.9% +40.6%
ROE -243.87% +50.5%
ROIC -64.45% -176.4%
Debt/Equity -
Interest Coverage -6.69 -796.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 37.8% free cash flow margin
✓Momentum leader: RS Rating 99 (top 1%)
✓Strong 5Y sales CAGR of 41.1%

✗Weaknesses

✗Shares diluted 27.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y34.98%

5Y41.13%

3Y28.64%

TTM-44.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM60.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM75.12%

ROCE

10Y Avg-27.92%

5Y Avg-231.97%

3Y Avg-47.13%

Latest-67.53%

Peer Comparison

Enterprise Payment Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TOSTToast, Inc.	17.39B	33.76	1048.45	28.33%	4.66%	13.56%	1.76%	0.02
DLODLocal Limited	2.42B	14.59	37.41	14.7%	17.8%	33.87%		0.11
IIIVi3 Verticals, Inc.	615.36M	25.67	36.67	-7.29%	55.87%	25.96%	0.93%	0.01
ACIWACI Worldwide, Inc.	4.48B	43.49	22.77	9.76%	15.07%	17.64%	7.66%	0.67
FOURShift4 Payments, Inc.	4.45B	65.91	21.75	29.86%	5.02%	8.73%	6.97%	2.83
WEXWEX Inc.	5.51B	160.57	21.41	3.15%	10.81%	25.38%	6.07%	2.99
EVTCEVERTEC, Inc.	1.93B	30.12	17.41	21.7%	16.17%	20.63%	8.91%	1.86
XYZBlock, Inc.	35.55B	64.92	14.27	10.06%	13.08%	13.95%	4.37%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.12M	1.72M	2.13M	910.81K	10M	8.53M	26.3M	32.91M	65.87M	56M
Revenue Growth %	-0.24%	-0.19%	0.24%	-0.57%	9.98%	-0.15%	2.09%	0.25%	1%	-0.15%
Cost of Goods Sold+	1.16M	817.3K	1.07M	677.15K	11.09M	4.83M	10.07M	16.79M	40.16M	33.57M
COGS % of Revenue	0.55%	0.48%	0.5%	0.74%	1.11%	0.57%	0.38%	0.51%	0.61%	0.6%
Gross Profit+	961.58K	898.23K	1.06M	233.66K	-1.09M	3.7M	16.23M	16.12M	25.71M	22.43M
Gross Margin %	0.45%	0.52%	0.5%	0.26%	-0.11%	0.43%	0.62%	0.49%	0.39%	0.4%
Gross Profit Growth %	0.02%	-0.07%	0.18%	-0.78%	-5.66%	4.4%	3.39%	-0.01%	0.59%	-0.13%
Operating Expenses+	608.1K	784.78K	867.72K	6.28K	4.52M	8.8M	45.44M	53.96M	38.01M	43.31M
OpEx % of Revenue	0.29%	0.46%	0.41%	0.01%	0.45%	1.03%	1.73%	1.64%	0.58%	0.77%
Selling, General & Admin	608.1K	784.78K	867.72K	1.57M	3.25M	7.42M	40.66M	26.77M	29.7M	25.86M
SG&A % of Revenue	0.29%	0.46%	0.41%	1.72%	0.33%	0.87%	1.55%	0.81%	0.45%	0.46%
Research & Development	0	0	110.95K	376.87K	1.26M	1.36M	3.87M	6.28M	5.76M	3.85M
R&D % of Revenue	-	-	0.05%	0.41%	0.13%	0.16%	0.15%	0.19%	0.09%	0.07%
Other Operating Expenses	0	0	867.72K	6.28K	16.22K	22.74K	912.68K	20.92M	2.55M	13.6M
Operating Income+	353.47K	113.45K	195.75K	6.28K	-5.61M	-5.1M	-29.21M	-37.84M	-12.3M	-20.89M
Operating Margin %	0.17%	0.07%	0.09%	0.01%	-0.56%	-0.6%	-1.11%	-1.15%	-0.19%	-0.37%
Operating Income Growth %	-0.2%	-0.68%	0.73%	-0.97%	-895.26%	0.09%	-4.72%	-0.3%	0.67%	-0.7%
EBITDA+	361.51K	123.92K	206.83K	12.88K	-5.6M	-5.09M	-28.29M	-16.88M	-9.75M	-18.62M
EBITDA Margin %	0.17%	0.07%	0.1%	0.01%	-0.56%	-0.6%	-1.08%	-0.51%	-0.15%	-0.33%
EBITDA Growth %	-0.19%	-0.66%	0.67%	-0.94%	-435.49%	0.09%	-4.56%	0.4%	0.42%	-0.91%
D&A (Non-Cash Add-back)	8.04K	10.47K	11.09K	6.61K	14.02K	15.88K	912.68K	20.96M	2.55M	2.26M
EBIT	353.47K	117.01K	-334.36K	-1.79M	-4.49M	-3.5M	-30.34M	-27.09M	-36.34M	-22.57M
Net Interest Income+	-21.24K	-22.13K	0	-106.82K	-799.71K	-1.51M	-4.93M	-22.15M	-16.47M	-3.12M
Interest Income	0	0	0	6.28K	0	0	0	0	0	0
Interest Expense	21.24K	22.13K	33.58K	59.57K	195.2K	1.51M	4.93M	22.15M	16.47M	3.12M
Other Income/Expense	-21.24K	-18.57K	-504	-181.82K	926.92K	96.95K	-6.06M	-11.41M	-40.51M	-4.8M
Pretax Income+	332.23K	94.88K	167.44K	-53.3K	-4.68M	-5.01M	-35.27M	-49.24M	-52.81M	-25.68M
Pretax Margin %	0.16%	0.06%	0.08%	-0.06%	-0.47%	-0.59%	-1.34%	-1.5%	-0.8%	-0.46%
Income Tax+	71.75K	37.02K	77.97K	-19.11K	0	0	4.91K	-8.7K	289K	1.14M
Effective Tax Rate %	0.78%	0.61%	0.53%	0.64%	1%	1%	1%	1%	1.01%	1.04%
Net Income+	260.48K	57.86K	89.47K	-34.19K	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Net Margin %	0.12%	0.03%	0.04%	-0.04%	-0.47%	-0.59%	-1.34%	-1.5%	-0.81%	-0.48%
Net Income Growth %	6.16%	-0.78%	0.55%	-1.38%	-136.03%	-0.07%	-6.04%	-0.4%	-0.08%	0.49%
Net Income (Continuing)	260.48K	57.86K	-334.37K	-1.89M	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.12	0.02	0.04	-0.01	-1.75	-2.06	-6.50	-10.80	-10.11	-4.01
EPS Growth %	6.95%	-0.8%	0.47%	-1.36%	-137.89%	-0.18%	-2.16%	-0.66%	0.06%	0.6%
EPS (Basic)	0.12	0.02	0.04	-0.01	-1.75	-2.06	-6.50	-10.80	-10.11	-4.01
Diluted Shares Outstanding	2.41M	2.41M	2.53M	2.71M	2.8M	2.99M	4.07M	4.56M	5.25M	6.69M
Basic Shares Outstanding	2.41M	2.41M	2.53M	2.71M	2.8M	2.99M	4.07M	4.56M	5.25M	6.69M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	163.97K	62.37K	111.16K	749.77K	12.08M	12.01M	96.57M	59.22M	89.86M	95.38M
Cash & Short-Term Investments	46.67K	32.76K	90.28K	284.98K	0	0	89.05M	13.96M	12.18M	2.6M
Cash Only	46.67K	32.76K	90.28K	284.98K	0	0	89.05M	13.96M	12.18M	2.6M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	117.3K	29.61K	0	50K	70.26K	10.1M	6.69M	8.58M	13.69M	1.16M
Days Sales Outstanding	20.2	6.3	-	20.04	2.56	432.57	92.84	95.2	75.88	7.59
Inventory	0	0	-3.34K	-952.91K	0	0	286.36K	302.04K	0	0
Days Inventory Outstanding	-	-	-	-	-	-	10.38	6.57	-	-
Other Current Assets	0	0	3.34K	869.82K	11.97M	1.83M	-5.88M	36.37M	63.99M	91.62M
Total Non-Current Assets+	49.92K	60.67K	78.76K	30.71K	296.13K	256.69K	17.42M	38.44M	38.8M	26.89M
Property, Plant & Equipment	49.92K	60.67K	78.76K	30.71K	296.13K	175.06K	3.11M	3.23M	4.58M	3.59M
Fixed Asset Turnover	42.45x	28.27x	27.10x	29.65x	33.78x	48.70x	8.47x	10.19x	14.37x	15.60x
Goodwill	0	0	0	0	0	0	6.55M	26.75M	26.75M	18.86M
Intangible Assets	0	0	0	0	0	0	7.58M	6.74M	5.06M	1.8M
Long-Term Investments	0	0	0	0	0	0	0	1.52M	0	0
Other Non-Current Assets	0	0	0	0	0	81.64K	190.64K	196.37K	2.4M	2.64M
Total Assets+	213.9K	123.04K	189.93K	749.77K	12.38M	12.26M	114.05M	97.66M	128.66M	122.28M
Asset Turnover	9.91x	13.94x	11.24x	1.21x	0.81x	0.70x	0.23x	0.34x	0.51x	0.46x
Asset Growth %	1.31%	-0.42%	0.54%	2.95%	15.51%	-0.01%	8.3%	-0.14%	0.32%	-0.05%
Total Current Liabilities+	551.17K	111.2K	685.75K	659.34K	17.62M	11.73M	24.24M	36.74M	85.54M	103.54M
Accounts Payable	180.5K	69.96K	31.98K	127.03K	504.5K	10.41M	2.78M	30.54M	1.82M	3.52M
Days Payables Outstanding	56.91	31.24	10.9	68.47	16.6	787.4	100.83	664.09	16.53	38.22
Short-Term Debt	4.91K	610.95K	0	846.5K	1.55M	1.13M	18.73M	14.45K	0	0
Deferred Revenue (Current)	0	0	0	-127.03K	0	0	0	0	0	0
Other Current Liabilities	306.4K	-610.95K	0	874.49K	15.09M	68.14K	1M	567.55K	81.8M	91.15M
Current Ratio	0.30x	0.56x	0.16x	1.14x	0.69x	1.02x	3.98x	1.61x	1.05x	0.92x
Quick Ratio	0.30x	0.56x	0.17x	2.58x	0.69x	1.02x	3.97x	1.60x	1.05x	0.92x
Cash Conversion Cycle	-	-	-	-	-	-	2.39	-562.33	-	-
Total Non-Current Liabilities+	334.44K	625.7K	28.56K	259.72K	120.11K	149.9K	60.34M	62.84M	19.63M	20.23M
Long-Term Debt	327.08K	610.95K	28.56K	75K	0	149.9K	59.31M	61.73M	15.91M	17.36M
Capital Lease Obligations	7.36K	14.75K	0	0	120.11K	0	1.04M	1.11M	3.72M	2.86M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	-610.95K	-28.56K	0	0	0	0	0	0	0
Total Liabilities	885.61K	736.9K	714.31K	919.06K	17.74M	11.88M	84.58M	99.58M	105.17M	123.77M
Total Debt+	339.35K	630.61K	244.7K	644.15K	1.78M	1.4M	79.57M	63.39M	20.32M	21.07M
Net Debt	292.68K	597.85K	154.42K	359.17K	1.78M	1.4M	-9.47M	49.43M	8.14M	18.47M
Debt / Equity	-	-	-	-	-	3.63x	2.70x	-	0.87x	-
Debt / EBITDA	0.94x	5.09x	1.18x	50.00x	-	-	-	-	-	-
Net Debt / EBITDA	0.81x	4.82x	0.75x	27.88x	-	-	-	-	-	-
Interest Coverage	16.64x	5.13x	5.83x	0.11x	-28.75x	-3.38x	-5.93x	-1.71x	-0.75x	-6.69x
Total Equity+	-671.71K	-613.86K	-524.38K	-169.28K	-5.37M	385.24K	29.47M	-1.92M	23.49M	-1.49M
Equity Growth %	0.28%	0.09%	0.15%	0.68%	-30.71%	1.07%	75.49%	-1.07%	13.22%	-1.06%
Book Value per Share	-0.28	-0.25	-0.21	-0.06	-1.92	0.13	7.24	-0.42	4.47	-0.22
Total Shareholders' Equity	-671.71K	-613.86K	-524.38K	-169.28K	-5.37M	385.24K	29.47M	-1.92M	23.49M	-1.49M
Common Stock	14.45K	14.45K	14.45K	166.39K	28.31K	30.71K	42.83K	5K	6K	8K
Retained Earnings	216.11K	273.97K	363.44K	329.26K	-6.72M	-11.72M	-50.54M	-99.77M	-152.58M	-179.41M
Treasury Stock	0	0	0	0	0	0	-4.93M	0	0	0
Accumulated OCI	0	0	0	1K	2.87K	0	0	357K	401K	-1.25M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	261.61K	-57.77K	467.32K	92.46K	-156.74K	-4.16M	-27.17M	-9.34M	33.16M	21.19M
Operating CF Margin %	0.12%	-0.03%	0.22%	0.1%	-0.02%	-0.49%	-1.03%	-0.28%	0.5%	0.38%
Operating CF Growth %	-0.22%	-1.22%	9.09%	-0.8%	-2.7%	-25.54%	-5.53%	0.66%	4.55%	-0.36%
Net Income	260.48K	57.86K	89.47K	-53.3K	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Depreciation & Amortization	8.04K	10.47K	11.09K	6.61K	14.02K	15.88K	951.23K	20.96M	2.55M	2.26M
Stock-Based Compensation	0	0	0	0	86.5K	3.04M	0	0	1.85M	624K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-37.92K	128.93K	-5.28K	44.38K	1.24M	1.32M	28.8M	8.22M	30.91M	14.51M
Working Capital Changes	-6.91K	-126.11K	372.04K	8.92K	3.19M	-3.52M	-21.64M	10.71M	50.95M	30.62M
Change in Receivables	0	0	-1.92K	-50K	-10.59M	1.17M	2.38M	-1.37M	297K	12.53M
Change in Inventory	0	0	0	0	0	0	-161.86K	-15.68K	0	0
Change in Payables	53.99K	-107.99K	272.97K	95.05K	386.29K	-295.18K	443.26K	1.16M	189K	1.7M
Cash from Investing+	-124.99K	84.04K	-7.24K	-813.49K	-49.8K	-6.65K	-2.66M	-47.65M	2.29M	-1.81M
Capital Expenditures	-27.54K	-3.65K	-7.24K	-31.25K	-49.8K	-6.65K	-158.86K	-162.34K	-108K	-47K
CapEx % of Revenue	0.01%	0%	0%	0.03%	0%	0%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-97.44K	87.69K	-7.24K	-813.49K	0	0	0	0	2.62M	-1.76M
Cash from Financing+	-131.37K	-40.18K	-402.56K	721.03K	684.67K	5.24M	116.06M	-10.05M	-3.01M	-241K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-64.16K	0	-417.01K	-921.5K	0	35.51K	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	234.06K	-61.43K	460.08K	61.21K	-206.54K	-4.17M	-27.32M	-9.51M	33.05M	21.14M
FCF Margin %	0.11%	-0.04%	0.22%	0.07%	-0.02%	-0.49%	-1.04%	-0.29%	0.5%	0.38%
FCF Growth %	-0.27%	-1.26%	8.49%	-0.87%	-4.37%	-19.18%	-5.56%	0.65%	4.48%	-0.36%
FCF per Share	0.10	-0.03	0.18	0.02	-0.07	-1.40	-6.71	-2.09	6.29	3.16
FCF Conversion (FCF/Net Income)	1.00x	-1.00x	5.22x	-2.70x	0.03x	0.83x	0.77x	0.19x	-0.62x	-0.79x
Interest Paid	1.01K	513	1.45K	152.87K	988.75K	727.56K	0	0	0	300K
Taxes Paid	132.63K	55.14K	29.62K	800	800	800	0	0	0	848K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	-1299.82%	-236.32%	-357.49%	-492.41%	-243.87%
Return on Invested Capital (ROIC)	-	-	-	2.48%	-	-	-201.15%	-84.08%	-23.32%	-64.45%
Gross Margin	45.37%	52.36%	49.83%	25.65%	-10.88%	43.4%	61.72%	48.99%	39.04%	40.05%
Net Margin	12.29%	3.37%	4.19%	-3.75%	-46.83%	-58.74%	-134.1%	-149.61%	-80.62%	-47.9%
Debt / Equity	-	-	-	-	-	3.63x	2.70x	-	0.87x	-
Interest Coverage	16.64x	5.13x	5.83x	0.11x	-28.75x	-3.38x	-5.93x	-1.71x	-0.75x	-6.69x
FCF Conversion	1.00x	-1.00x	5.22x	-2.70x	0.03x	0.83x	0.77x	0.19x	-0.62x	-0.79x
Revenue Growth	-24.04%	-19.05%	24.41%	-57.32%	998.24%	-14.77%	208.56%	25.11%	100.15%	-14.99%

Revenue by Geography

	2022	2023	2024
North America	28.61M	48.94M	18.16M
North America Growth	-	71.03%	-62.89%

Frequently Asked Questions

Growth & Financials

Ryvyl Inc. (RVYL) reported $35.4M in revenue for fiscal year 2024. This represents a 6179% increase from $0.6M in 2011.

Ryvyl Inc. (RVYL) saw revenue decline by 15.0% over the past year.

Ryvyl Inc. (RVYL) reported a net loss of $20.0M for fiscal year 2024.

Dividend & Returns

Ryvyl Inc. (RVYL) has a return on equity (ROE) of -243.9%. Negative ROE indicates the company is unprofitable.

Ryvyl Inc. (RVYL) had negative free cash flow of $6.0M in fiscal year 2024, likely due to heavy capital investments.

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Ryvyl Inc. (RVYL) 10-Year Financial Performance & Capital Metrics

RVYL • • Industrial / General

TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceEnterprise Payment Processors

Revenue $56M -15.0%
EBITDA -$19M -91.0%
Net Income -$27M +49.5%
EPS (Diluted) -4.01 +60.3%
Gross Margin 40.05% +2.6%
EBITDA Margin -33.25% -124.7%
Operating Margin -37.3% -99.7%
Net Margin -47.9% +40.6%
ROE -243.87% +50.5%
ROIC -64.45% -176.4%
Debt/Equity -
Interest Coverage -6.69 -796.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 37.8% free cash flow margin
✓Momentum leader: RS Rating 99 (top 1%)
✓Strong 5Y sales CAGR of 41.1%

✗Weaknesses

✗Shares diluted 27.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y34.98%

5Y41.13%

3Y28.64%

TTM-44.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM60.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM75.12%

ROCE

10Y Avg-27.92%

5Y Avg-231.97%

3Y Avg-47.13%

Latest-67.53%

Peer Comparison

Enterprise Payment Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TOSTToast, Inc.	17.39B	33.76	1048.45	28.33%	4.66%	13.56%	1.76%	0.02
DLODLocal Limited	2.42B	14.59	37.41	14.7%	17.8%	33.87%		0.11
IIIVi3 Verticals, Inc.	615.36M	25.67	36.67	-7.29%	55.87%	25.96%	0.93%	0.01
ACIWACI Worldwide, Inc.	4.48B	43.49	22.77	9.76%	15.07%	17.64%	7.66%	0.67
FOURShift4 Payments, Inc.	4.45B	65.91	21.75	29.86%	5.02%	8.73%	6.97%	2.83
WEXWEX Inc.	5.51B	160.57	21.41	3.15%	10.81%	25.38%	6.07%	2.99
EVTCEVERTEC, Inc.	1.93B	30.12	17.41	21.7%	16.17%	20.63%	8.91%	1.86
XYZBlock, Inc.	35.55B	64.92	14.27	10.06%	13.08%	13.95%	4.37%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.12M	1.72M	2.13M	910.81K	10M	8.53M	26.3M	32.91M	65.87M	56M
Revenue Growth %	-0.24%	-0.19%	0.24%	-0.57%	9.98%	-0.15%	2.09%	0.25%	1%	-0.15%
Cost of Goods Sold+	1.16M	817.3K	1.07M	677.15K	11.09M	4.83M	10.07M	16.79M	40.16M	33.57M
COGS % of Revenue	0.55%	0.48%	0.5%	0.74%	1.11%	0.57%	0.38%	0.51%	0.61%	0.6%
Gross Profit+	961.58K	898.23K	1.06M	233.66K	-1.09M	3.7M	16.23M	16.12M	25.71M	22.43M
Gross Margin %	0.45%	0.52%	0.5%	0.26%	-0.11%	0.43%	0.62%	0.49%	0.39%	0.4%
Gross Profit Growth %	0.02%	-0.07%	0.18%	-0.78%	-5.66%	4.4%	3.39%	-0.01%	0.59%	-0.13%
Operating Expenses+	608.1K	784.78K	867.72K	6.28K	4.52M	8.8M	45.44M	53.96M	38.01M	43.31M
OpEx % of Revenue	0.29%	0.46%	0.41%	0.01%	0.45%	1.03%	1.73%	1.64%	0.58%	0.77%
Selling, General & Admin	608.1K	784.78K	867.72K	1.57M	3.25M	7.42M	40.66M	26.77M	29.7M	25.86M
SG&A % of Revenue	0.29%	0.46%	0.41%	1.72%	0.33%	0.87%	1.55%	0.81%	0.45%	0.46%
Research & Development	0	0	110.95K	376.87K	1.26M	1.36M	3.87M	6.28M	5.76M	3.85M
R&D % of Revenue	-	-	0.05%	0.41%	0.13%	0.16%	0.15%	0.19%	0.09%	0.07%
Other Operating Expenses	0	0	867.72K	6.28K	16.22K	22.74K	912.68K	20.92M	2.55M	13.6M
Operating Income+	353.47K	113.45K	195.75K	6.28K	-5.61M	-5.1M	-29.21M	-37.84M	-12.3M	-20.89M
Operating Margin %	0.17%	0.07%	0.09%	0.01%	-0.56%	-0.6%	-1.11%	-1.15%	-0.19%	-0.37%
Operating Income Growth %	-0.2%	-0.68%	0.73%	-0.97%	-895.26%	0.09%	-4.72%	-0.3%	0.67%	-0.7%
EBITDA+	361.51K	123.92K	206.83K	12.88K	-5.6M	-5.09M	-28.29M	-16.88M	-9.75M	-18.62M
EBITDA Margin %	0.17%	0.07%	0.1%	0.01%	-0.56%	-0.6%	-1.08%	-0.51%	-0.15%	-0.33%
EBITDA Growth %	-0.19%	-0.66%	0.67%	-0.94%	-435.49%	0.09%	-4.56%	0.4%	0.42%	-0.91%
D&A (Non-Cash Add-back)	8.04K	10.47K	11.09K	6.61K	14.02K	15.88K	912.68K	20.96M	2.55M	2.26M
EBIT	353.47K	117.01K	-334.36K	-1.79M	-4.49M	-3.5M	-30.34M	-27.09M	-36.34M	-22.57M
Net Interest Income+	-21.24K	-22.13K	0	-106.82K	-799.71K	-1.51M	-4.93M	-22.15M	-16.47M	-3.12M
Interest Income	0	0	0	6.28K	0	0	0	0	0	0
Interest Expense	21.24K	22.13K	33.58K	59.57K	195.2K	1.51M	4.93M	22.15M	16.47M	3.12M
Other Income/Expense	-21.24K	-18.57K	-504	-181.82K	926.92K	96.95K	-6.06M	-11.41M	-40.51M	-4.8M
Pretax Income+	332.23K	94.88K	167.44K	-53.3K	-4.68M	-5.01M	-35.27M	-49.24M	-52.81M	-25.68M
Pretax Margin %	0.16%	0.06%	0.08%	-0.06%	-0.47%	-0.59%	-1.34%	-1.5%	-0.8%	-0.46%
Income Tax+	71.75K	37.02K	77.97K	-19.11K	0	0	4.91K	-8.7K	289K	1.14M
Effective Tax Rate %	0.78%	0.61%	0.53%	0.64%	1%	1%	1%	1%	1.01%	1.04%
Net Income+	260.48K	57.86K	89.47K	-34.19K	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Net Margin %	0.12%	0.03%	0.04%	-0.04%	-0.47%	-0.59%	-1.34%	-1.5%	-0.81%	-0.48%
Net Income Growth %	6.16%	-0.78%	0.55%	-1.38%	-136.03%	-0.07%	-6.04%	-0.4%	-0.08%	0.49%
Net Income (Continuing)	260.48K	57.86K	-334.37K	-1.89M	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.12	0.02	0.04	-0.01	-1.75	-2.06	-6.50	-10.80	-10.11	-4.01
EPS Growth %	6.95%	-0.8%	0.47%	-1.36%	-137.89%	-0.18%	-2.16%	-0.66%	0.06%	0.6%
EPS (Basic)	0.12	0.02	0.04	-0.01	-1.75	-2.06	-6.50	-10.80	-10.11	-4.01
Diluted Shares Outstanding	2.41M	2.41M	2.53M	2.71M	2.8M	2.99M	4.07M	4.56M	5.25M	6.69M
Basic Shares Outstanding	2.41M	2.41M	2.53M	2.71M	2.8M	2.99M	4.07M	4.56M	5.25M	6.69M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	163.97K	62.37K	111.16K	749.77K	12.08M	12.01M	96.57M	59.22M	89.86M	95.38M
Cash & Short-Term Investments	46.67K	32.76K	90.28K	284.98K	0	0	89.05M	13.96M	12.18M	2.6M
Cash Only	46.67K	32.76K	90.28K	284.98K	0	0	89.05M	13.96M	12.18M	2.6M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	117.3K	29.61K	0	50K	70.26K	10.1M	6.69M	8.58M	13.69M	1.16M
Days Sales Outstanding	20.2	6.3	-	20.04	2.56	432.57	92.84	95.2	75.88	7.59
Inventory	0	0	-3.34K	-952.91K	0	0	286.36K	302.04K	0	0
Days Inventory Outstanding	-	-	-	-	-	-	10.38	6.57	-	-
Other Current Assets	0	0	3.34K	869.82K	11.97M	1.83M	-5.88M	36.37M	63.99M	91.62M
Total Non-Current Assets+	49.92K	60.67K	78.76K	30.71K	296.13K	256.69K	17.42M	38.44M	38.8M	26.89M
Property, Plant & Equipment	49.92K	60.67K	78.76K	30.71K	296.13K	175.06K	3.11M	3.23M	4.58M	3.59M
Fixed Asset Turnover	42.45x	28.27x	27.10x	29.65x	33.78x	48.70x	8.47x	10.19x	14.37x	15.60x
Goodwill	0	0	0	0	0	0	6.55M	26.75M	26.75M	18.86M
Intangible Assets	0	0	0	0	0	0	7.58M	6.74M	5.06M	1.8M
Long-Term Investments	0	0	0	0	0	0	0	1.52M	0	0
Other Non-Current Assets	0	0	0	0	0	81.64K	190.64K	196.37K	2.4M	2.64M
Total Assets+	213.9K	123.04K	189.93K	749.77K	12.38M	12.26M	114.05M	97.66M	128.66M	122.28M
Asset Turnover	9.91x	13.94x	11.24x	1.21x	0.81x	0.70x	0.23x	0.34x	0.51x	0.46x
Asset Growth %	1.31%	-0.42%	0.54%	2.95%	15.51%	-0.01%	8.3%	-0.14%	0.32%	-0.05%
Total Current Liabilities+	551.17K	111.2K	685.75K	659.34K	17.62M	11.73M	24.24M	36.74M	85.54M	103.54M
Accounts Payable	180.5K	69.96K	31.98K	127.03K	504.5K	10.41M	2.78M	30.54M	1.82M	3.52M
Days Payables Outstanding	56.91	31.24	10.9	68.47	16.6	787.4	100.83	664.09	16.53	38.22
Short-Term Debt	4.91K	610.95K	0	846.5K	1.55M	1.13M	18.73M	14.45K	0	0
Deferred Revenue (Current)	0	0	0	-127.03K	0	0	0	0	0	0
Other Current Liabilities	306.4K	-610.95K	0	874.49K	15.09M	68.14K	1M	567.55K	81.8M	91.15M
Current Ratio	0.30x	0.56x	0.16x	1.14x	0.69x	1.02x	3.98x	1.61x	1.05x	0.92x
Quick Ratio	0.30x	0.56x	0.17x	2.58x	0.69x	1.02x	3.97x	1.60x	1.05x	0.92x
Cash Conversion Cycle	-	-	-	-	-	-	2.39	-562.33	-	-
Total Non-Current Liabilities+	334.44K	625.7K	28.56K	259.72K	120.11K	149.9K	60.34M	62.84M	19.63M	20.23M
Long-Term Debt	327.08K	610.95K	28.56K	75K	0	149.9K	59.31M	61.73M	15.91M	17.36M
Capital Lease Obligations	7.36K	14.75K	0	0	120.11K	0	1.04M	1.11M	3.72M	2.86M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	-610.95K	-28.56K	0	0	0	0	0	0	0
Total Liabilities	885.61K	736.9K	714.31K	919.06K	17.74M	11.88M	84.58M	99.58M	105.17M	123.77M
Total Debt+	339.35K	630.61K	244.7K	644.15K	1.78M	1.4M	79.57M	63.39M	20.32M	21.07M
Net Debt	292.68K	597.85K	154.42K	359.17K	1.78M	1.4M	-9.47M	49.43M	8.14M	18.47M
Debt / Equity	-	-	-	-	-	3.63x	2.70x	-	0.87x	-
Debt / EBITDA	0.94x	5.09x	1.18x	50.00x	-	-	-	-	-	-
Net Debt / EBITDA	0.81x	4.82x	0.75x	27.88x	-	-	-	-	-	-
Interest Coverage	16.64x	5.13x	5.83x	0.11x	-28.75x	-3.38x	-5.93x	-1.71x	-0.75x	-6.69x
Total Equity+	-671.71K	-613.86K	-524.38K	-169.28K	-5.37M	385.24K	29.47M	-1.92M	23.49M	-1.49M
Equity Growth %	0.28%	0.09%	0.15%	0.68%	-30.71%	1.07%	75.49%	-1.07%	13.22%	-1.06%
Book Value per Share	-0.28	-0.25	-0.21	-0.06	-1.92	0.13	7.24	-0.42	4.47	-0.22
Total Shareholders' Equity	-671.71K	-613.86K	-524.38K	-169.28K	-5.37M	385.24K	29.47M	-1.92M	23.49M	-1.49M
Common Stock	14.45K	14.45K	14.45K	166.39K	28.31K	30.71K	42.83K	5K	6K	8K
Retained Earnings	216.11K	273.97K	363.44K	329.26K	-6.72M	-11.72M	-50.54M	-99.77M	-152.58M	-179.41M
Treasury Stock	0	0	0	0	0	0	-4.93M	0	0	0
Accumulated OCI	0	0	0	1K	2.87K	0	0	357K	401K	-1.25M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	261.61K	-57.77K	467.32K	92.46K	-156.74K	-4.16M	-27.17M	-9.34M	33.16M	21.19M
Operating CF Margin %	0.12%	-0.03%	0.22%	0.1%	-0.02%	-0.49%	-1.03%	-0.28%	0.5%	0.38%
Operating CF Growth %	-0.22%	-1.22%	9.09%	-0.8%	-2.7%	-25.54%	-5.53%	0.66%	4.55%	-0.36%
Net Income	260.48K	57.86K	89.47K	-53.3K	-4.68M	-5.01M	-35.27M	-49.24M	-53.1M	-26.82M
Depreciation & Amortization	8.04K	10.47K	11.09K	6.61K	14.02K	15.88K	951.23K	20.96M	2.55M	2.26M
Stock-Based Compensation	0	0	0	0	86.5K	3.04M	0	0	1.85M	624K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-37.92K	128.93K	-5.28K	44.38K	1.24M	1.32M	28.8M	8.22M	30.91M	14.51M
Working Capital Changes	-6.91K	-126.11K	372.04K	8.92K	3.19M	-3.52M	-21.64M	10.71M	50.95M	30.62M
Change in Receivables	0	0	-1.92K	-50K	-10.59M	1.17M	2.38M	-1.37M	297K	12.53M
Change in Inventory	0	0	0	0	0	0	-161.86K	-15.68K	0	0
Change in Payables	53.99K	-107.99K	272.97K	95.05K	386.29K	-295.18K	443.26K	1.16M	189K	1.7M
Cash from Investing+	-124.99K	84.04K	-7.24K	-813.49K	-49.8K	-6.65K	-2.66M	-47.65M	2.29M	-1.81M
Capital Expenditures	-27.54K	-3.65K	-7.24K	-31.25K	-49.8K	-6.65K	-158.86K	-162.34K	-108K	-47K
CapEx % of Revenue	0.01%	0%	0%	0.03%	0%	0%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-97.44K	87.69K	-7.24K	-813.49K	0	0	0	0	2.62M	-1.76M
Cash from Financing+	-131.37K	-40.18K	-402.56K	721.03K	684.67K	5.24M	116.06M	-10.05M	-3.01M	-241K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-64.16K	0	-417.01K	-921.5K	0	35.51K	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	234.06K	-61.43K	460.08K	61.21K	-206.54K	-4.17M	-27.32M	-9.51M	33.05M	21.14M
FCF Margin %	0.11%	-0.04%	0.22%	0.07%	-0.02%	-0.49%	-1.04%	-0.29%	0.5%	0.38%
FCF Growth %	-0.27%	-1.26%	8.49%	-0.87%	-4.37%	-19.18%	-5.56%	0.65%	4.48%	-0.36%
FCF per Share	0.10	-0.03	0.18	0.02	-0.07	-1.40	-6.71	-2.09	6.29	3.16
FCF Conversion (FCF/Net Income)	1.00x	-1.00x	5.22x	-2.70x	0.03x	0.83x	0.77x	0.19x	-0.62x	-0.79x
Interest Paid	1.01K	513	1.45K	152.87K	988.75K	727.56K	0	0	0	300K
Taxes Paid	132.63K	55.14K	29.62K	800	800	800	0	0	0	848K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	-1299.82%	-236.32%	-357.49%	-492.41%	-243.87%
Return on Invested Capital (ROIC)	-	-	-	2.48%	-	-	-201.15%	-84.08%	-23.32%	-64.45%
Gross Margin	45.37%	52.36%	49.83%	25.65%	-10.88%	43.4%	61.72%	48.99%	39.04%	40.05%
Net Margin	12.29%	3.37%	4.19%	-3.75%	-46.83%	-58.74%	-134.1%	-149.61%	-80.62%	-47.9%
Debt / Equity	-	-	-	-	-	3.63x	2.70x	-	0.87x	-
Interest Coverage	16.64x	5.13x	5.83x	0.11x	-28.75x	-3.38x	-5.93x	-1.71x	-0.75x	-6.69x
FCF Conversion	1.00x	-1.00x	5.22x	-2.70x	0.03x	0.83x	0.77x	0.19x	-0.62x	-0.79x
Revenue Growth	-24.04%	-19.05%	24.41%	-57.32%	998.24%	-14.77%	208.56%	25.11%	100.15%	-14.99%

Revenue by Geography

	2022	2023	2024
North America	28.61M	48.94M	18.16M
North America Growth	-	71.03%	-62.89%

Frequently Asked Questions

Growth & Financials

Ryvyl Inc. (RVYL) reported $35.4M in revenue for fiscal year 2024. This represents a 6179% increase from $0.6M in 2011.

Ryvyl Inc. (RVYL) saw revenue decline by 15.0% over the past year.

Ryvyl Inc. (RVYL) reported a net loss of $20.0M for fiscal year 2024.

Dividend & Returns

Ryvyl Inc. (RVYL) has a return on equity (ROE) of -243.9%. Negative ROE indicates the company is unprofitable.

Ryvyl Inc. (RVYL) had negative free cash flow of $6.0M in fiscal year 2024, likely due to heavy capital investments.